Nov 8, 2012 5:00am PST
economies is now harming germany's economy. and so as a result, we get a little testy early on in the morning. right now, actually the futures are pointing slightly higher and i'm emphasizing "slightly." >> a lot of people thought it was because of the election. it was like the perfect storm of things going on in europe, as well. what about the "fiscal cliff"? what are the worries there? >> reporter: well, i spoke it a lot of large money managers. these are the people who are running the funds that are inside of your retirement accounts and they said they were very spooked by the tough words from partisan politicians over the "fiscal cliff." and don't forget, not only are those spending cuts and tax increases set to go into effect in january. but if you're an investor, you have to worry that the combined effects raises your taxes by about $3,700 per taxpayer and could send the u.s. economy back into a recession. so that's why the ratings agency fitch said that unless congress and the president come to an agreement quickly, they risk losing our beautiful aaa rating next year.
Nov 9, 2012 5:00am PST
appointment to come and pick up the food and the toys. >> reporter: we all know the economy has been rough. what kind of increasing need have you seen over the last few years? >> we actually expect to see the same number last year which was a record number the reason is it reflects the poverty numbers within our county. last year, it was 10.6%. it's still at 10.6%. there's a lot of people in need out there post-recession so even as the economy gets better that's mostly high-end employment that's changing for high-tech, high education jobs. a number of people in line starting at 11:00 yesterday morning, they are struggling to get full-time jobs with benefits. the first person in line they have really been hurting because of medical issues within their family and can't get the assets together. >> reporter: jay pecot with sacred heart community service. i spoke with a lot of these people in line as well and they are so appreciative of what they are getting. sacred heart runs on donations so wonderful charity. that's what we have life for you at sacred heart before the doors open. anne makove
Nov 15, 2012 5:00am PST
. as the head of the communist party, he will lead china's military and economy. >>> it is 5:11. taking a pay cut. >> why the csu's new chancellor wants a smaller salary. >> plus trumpeting their excitement. the bay area school band that's landed a national gig. >> and going nowhere fast. the viral video of a drunk man's epic escalator struggle. your don't want to miss this. >> excuse me... [ laughter ] ,,,,,,,,,,,,,,,,,,,, going the wrong way on the escalator. a british t-v producer shot this video ofe >>> well, check out the man going the wrong way on the escalator. a british tv producer shot this video of the businessman struggling to ride the escalator in london's tube station. some commuters tried to get him going in the right direction. eventually somebody pushed the emergency stop button to let him off the ride. >> he wasn't getting off. >> elizabeth, i don't think he knew where he was going. >> that's bizarre. didn't you used to do that as a kid to see if you could make it all the way down? >>> a lot of overnight roadwork was picked up now that it's past 5 a.m. here's a live look near